INSTITUTE FOR PRO ADVANCEMENT INC (EIN 363803305) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

KATHLEEN RHOTEN

Tax Period

2022-01-01 to 2022-12-31

INSTITUTE FOR PRO ADVANCEMENT INC, founded in 1991, is a small nonprofit that reported $526K in total revenue in fiscal year 2022. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

TO ESTABLISH STANDARDS AND TO AWARD PROFESSIONAL DESIGNATION TO THOSE PROPERLY QUALIFIED MEMBERS OF THE MANUFACTURERS REPRESENTATIVES PROFESSION

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $525,857

Investment Income $18

Other Revenue $0

TOTAL REVENUE $525,875

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,775

Fundraising Expenses $0

Other Expenses $445,058

TOTAL EXPENSES $554,833

Year-over-Year Comparison

	2022	2021	Change
Revenue	$525,875	$423,324	+0.2%
Expenses	$554,833	$508,046	+0.1%
Net Income	$-28,958	$-84,722	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$98,105

Total Directors

$98,105

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN RHOTEN	EXECUTIVE DIRECTOR	30.00	Officer Director	$98,105	$0	$98,105
VIN NOLAN	SECRETARYTREASURER	1.00	Officer	$0	$0	$0
CHRIS MADSON	DIRECTOR	0.00	Officer	$0	$0	$0
TOM CARLSON	DIRECTOR	1.00	Officer	$0	$0	$0
SCOTT HOLTGRIEVE	PRESIDENT	2.00	Officer	$0	$0	$0
MARLA SPARKS	VP OF EDUCATION	1.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2022	$525,875	$554,833	$286,771	$-28,958
2021	$423,324	$508,046	$383,041	$-84,722
2020	$457,162	$419,516	$382,691	$37,646
2019	$463,520	$489,693	$286,092	$-26,173
2018	$640,747	$610,267	$228,067	$30,480

INSTITUTE FOR PRO ADVANCEMENT INC